Business Borrower

[Image: carwash]

carwash

Year Established:
Bigcarrots member since:
16-09-2009
Number of CCJs:
0

Business Summary

Businesses Credit Rating
  • 1/5 Stars
Affordability
  • 2/5 Stars
Strength
  • 0.75/5 Stars

Car Wash needs new equipment

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Loan Purpose
Plant/Machinery
Loan Amount
£4,000.00
Loan Term
12 Months
Target Interest Rate
8.00 %
Progress Bar
1.25%

£50 from 1 offers

Listing Ends
10-02-2010 3:41:13 AM (-31 days)

Company Profile

For what purpose is the company borrowing
We need to upgrade our equipment, mainly the jetwash system is getting tired and keeps cutting out, the new system will cost arund £3500 plus some accessories.
Why I think it is affordable
We have good cash sales coming in and we have just added a card terminal to try and attract some higher class customers which may lead to more valet work, we already have taken on a Taxi firm with 8 cars and a local car hire firm that has 20 cars need doing on a regular basis, so we are always building on what we have achieved. We trade on a 6 day week.
What the company does
We run a hand car wash business on a busy main road. It has been going for over 2 years now and we employ part time staff to help. We also do mini and full valets while the customer waits. We have a cosy waiting room with a TV and coffee for them
Brief company history
We have been going for two years and it started with two guys, there are now 6 of us on the production line giving hand car wash services while customers wait in their car or our waiting room.
No.of Directors
1
No.of Employees
4
Why support my business
Although a young company we have good basic cashflow each week, my taxes are up to date and I have always repaid my debts wherever I go. This would be a good opportunity to get better equipment and improve productivity making more profit.

Business turnover and Business Costs

Annual turnover
45,000.00
Net Profit
29,000.00
Gearing %
24.00%

Business Summary

We need to upgrade our equipment, mainly the jetwash system is getting tired and keeps cutting out, the new system will cost arund £3500 plus some accessories.

Lending offers

Lender Amount Rate Date Status
erin1000 £50.00 20.00% 03-02-2010 Winning
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